American Finance Trust Inc (AFIN) CEO Buys $25,006.62 in Stock

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American Finance Trust Inc (NASDAQ:AFIN) CEO Edward M. Jr. Weil purchased 1,934 shares of the stock in a transaction dated Friday, January 11th. The stock was purchased at an average cost of $12.93 per share, for a total transaction of $25,006.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of AFIN stock traded up $0.09 during trading on Monday, hitting $13.18. The company had a trading volume of 16,876 shares, compared to its average volume of 311,237. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.06 and a current ratio of 0.06. American Finance Trust Inc has a 52 week low of $12.00 and a 52 week high of $18.50.

American Finance Trust (NASDAQ:AFIN) last posted its quarterly earnings data on Tuesday, November 6th. The company reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.20). The company had revenue of $74.89 million during the quarter. American Finance Trust had a negative return on equity of 2.55% and a negative net margin of 15.01%.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 16th. Investors of record on Monday, January 14th will be given a $0.0917 dividend. This represents a $1.10 annualized dividend and a dividend yield of 8.35%. The ex-dividend date is Friday, January 11th.

Separately, BMO Capital Markets initiated coverage on shares of American Finance Trust in a report on Tuesday, September 18th. They issued a “market perform” rating and a $17.00 price target on the stock.

Hedge funds have recently bought and sold shares of the stock. Lucia Wealth Services LLC bought a new position in shares of American Finance Trust in the third quarter worth approximately $142,000. Focused Wealth Management Inc bought a new position in shares of American Finance Trust in the third quarter worth approximately $177,000. RB Capital Management LLC bought a new position in shares of American Finance Trust in the third quarter worth approximately $187,000. Sawtooth Solutions LLC bought a new position in shares of American Finance Trust in the third quarter worth approximately $198,000. Finally, National Asset Management Inc. bought a new position in shares of American Finance Trust in the third quarter worth approximately $214,000. Institutional investors own 7.31% of the company’s stock.

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About American Finance Trust

American Finance Trust, Inc (Nasdaq: AFIN) is a publicly traded real estate investment trust listed on the Nasdaq focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S.

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